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China, US start new round of BIT negotiations

Updated: Oct 28,2015 11:17 AM     Xinhua

BEIJING — China and the US began negotiations on a bilateral investment treaty (BIT) on Oct 28, the 22nd round of such talks, according to the Ministry of Commerce (MOC).

“In accordance with the important consensus reached by leaders of the two countries, the two sides will vigorously advance the BIT negotiations and speed up the process to reach a high-level and mutually beneficial deal,” said a brief MOC statement.

The negotiations are being held in Qingdao, east China’s Shandong province.